Insider Financialhttps://insiderfinancial.com
Fri, 13 Sep 2019 11:59:56 +0000en-US
hourly
1 https://wordpress.org/?v=5.2.3https://insiderfinancial.com/wp-content/uploads/2019/03/ScreenShot2017-05-23at12.41.54PM-50x50.pngInsider Financialhttps://insiderfinancial.com
3232Time To Buy Verus International Inc (OTCMKTS:VRUS) On the Diphttps://insiderfinancial.com/time-buy-verus-international-inc-otcmktsvrus-dip/179366/
https://insiderfinancial.com/time-buy-verus-international-inc-otcmktsvrus-dip/179366/#respondFri, 13 Sep 2019 11:59:56 +0000https://insiderfinancial.com/?p=79366Robust revenue growth at the back of triple-digit growth are some of the developments that affirm why it is time to buy Verus International Inc (OTCMKTS:VRUS) on the dip. The company bouncing back to profitability marks yet another important milestone affirming long-term prospects. A pullback from one-year highs presents an opportunity to buy the stock […]

]]>Robust revenue growth at the back of triple-digit growth are some of the developments that affirm why it is time to buy Verus International Inc (OTCMKTS:VRUS) on the dip. The company bouncing back to profitability marks yet another important milestone affirming long-term prospects.

A pullback from one-year highs presents an opportunity to buy the stock on a discount as improving underlying fundamentals continue to strengthen market sentiments. As it stands, the $0.02 mark is a crucial support level from where Verus International remains well supported for a bounce back.

VRUS Daily Chart

Considering the long term ascending trend line, the stock looks set to make a run for the $0.03 level on stabilizing above the $0.02 level. A rally followed by a close above the $0.03 level should pave the way for the stock to register a new highs in continuation of the bullish trend. Conversely, failure to stabilize above the $0.02 level could pave the way for short sellers to push the stock to the $0.01 handle, the next substantial support level.

In our view, Verus International has what it takes to continue edging higher as investors react to a solid third-quarter earnings report affirming growth in the core business.

About OTCMKTS:VRUS

Verus International is a company focused on consumer food products. The company distributes its products in key markets of North Africa, the Middle East as well as Asia. Its product pipeline is mostly made up of frozen foods, meat as well as poultry, seafood and vegetables. It also distributes consumer-packaged goods such as cosmetics and fragrances.

Robust Revenue Growth

One of the reasons why we remain up bit about Verus International prospects in the market has to do with the delivery of impressive financial results that affirm improvements on operational efficiency. For the three months ended July 31, 2019, the consumer goods focused company generated record revenues amounting to $3.48 million, representing a 154% year over year increase.

Net income for the nine months ended July 31, 2019, totaled $469,000 compared to a net loss of -$1.5 million reported a year earlier. According to the Chief Executive Officer, Anshu Bhatnagar, the financial results underscore growth potential of the core business

Revenue growth looks set to continue, as Verus International currently has the largest funded backlog in history, amounting to $34 million. Unfunded backlog is also on the rise setting the stage for robust organic growth going forward.

“So, we are confident that we can ramp up that business in the future. We are in the enviable position of having more backlog than our current capital resources can fulfil, so getting working capital at favorable rates is a top priority,” said Mr. Bhatnagar.

The current revenue base is also on the cusp of receiving a significant boost as a number of retailers show strong interest in carrying the company’s MLB branded candy and ice cream. The company is also pursuing another credit line as it seeks to expand its domestic business.

UAE Acquisition

Solid financial results is not the only catalysts likely to fuel Verus International rally after the recent pullback. The acquisition of a UAE-based French fry operation has once again underscored push for inorganic growth.

The acquisition of assets, of an established supplier, should strengthen the company’s revenue base, especially in the Middle East. Verus International expects the acquisition to start contributing revenues within 30 days, given the current sales relationships. The acquisition underscores Verus International ambitions of concentrating in high margin branded products market, as a way of accelerating growth in the bottom line.

The acquisition comes hot on the heels of the company securing a $13.5 million credit insurance from Euler Hermes. The insurance coverage should go a long way in protecting Verus International from non-payments by end customers. It will also make it easier for the company to extend credit to current accounts as well as pursue new and larger customers.

Bottom Line

Verus International has had a good run in 2019. While the stock has pulled lower in recent weeks, the pullback in our view presents a buying opportunity. Revenue growth, narrowing net loss as well as expansion in international and domestic markets are some of the catalysts likely to cause the stock to reach new highs.

As it stands, the pullback presents an opportunity for long-term investors to pick up cheap shares.

We will be updating our subscribers as soon as we know more. For the latest updates on OTCMKTS:VRUS, sign up below!

Disclosure: We have no position in OTCMKTS:VRUS and have not been compensated for this article.

]]>https://insiderfinancial.com/time-buy-verus-international-inc-otcmktsvrus-dip/179366/feed/0Renewable Energy and Power Inc (OTCMKTS:RBNW) Explodes Higher On CBD Opportunityhttps://insiderfinancial.com/renewable-energy-power-inc-otcmkts-rbnw-explodes-higher-cbd-opportunity/179362/
https://insiderfinancial.com/renewable-energy-power-inc-otcmkts-rbnw-explodes-higher-cbd-opportunity/179362/#respondThu, 12 Sep 2019 13:25:57 +0000https://insiderfinancial.com/?p=79362Renewable Energy and Power Inc (OTCMKTS:RBNW) is a potential breakout play going by recent price action activity. After rallying by more than 900% to one-year highs, the stock did pull lower, from where it is once again showing signs of edging higher, in continuation of the emerging uptrend. The spike has come on huge turnover […]

]]>Renewable Energy and Power Inc (OTCMKTS:RBNW) is a potential breakout play going by recent price action activity. After rallying by more than 900% to one-year highs, the stock did pull lower, from where it is once again showing signs of edging higher, in continuation of the emerging uptrend.

The spike has come on huge turnover of traded shares an indication of growing market interest. The spike occurred at the back of one of the longest period of consolidation at all-time lows as the stock continued to struggle for direction.

RBNW Daily Chart

A spike to the $0.10 level attracted some selling pressure, which might be as a result of investors taking profits after the blockbuster move higher. After the recent pullback, the stock appears to have found support at the $0.04 level from where a potential bounce-back could be brewing.

A rally followed by a close above the $0.05 level could elicit further buying pressure that could result in Renewable Energy and Power making a run for this year highs. Conversely, failure to take out the $0.05 technical level could leave the stock susceptible to further drops probably back to this year lows.

What Does OTCMKTS:RBNW Do?

Renewable Energy and Power is engaged in the development and commercialization of LED light fixtures and components. Through its LED Lites USA division, the company develops grow lights used in farming. In the recent past, the company has expanded its footprint into the CBD cannabidiol products market. Its products are currently being used for the extraction of CBD for hemp biomass.

CBD Division

Renewable Energy and Power explosive run in the market comes hot on the heels of the company affirming its entry in the lucrative CBD industry. Early this year the company confirmed the signing of an agreement with vertically integrated Smart Green Tech.

Under the terms of the agreement the company was to purchase, Colorado grows and CO2 extracted distillate, for use in the development of a line of CBD and Cannabinoid products. The company has since formed a CBD division dubbed CBDHealth2u that is to spearhead its interests and prospects in the multibillion-dollar interest.

The new CBD division is tasked with the responsibility of selling at both wholesale and retail CBD isolate as well as distillates, vape cartridges, and throats spray as the company continues to expand its footprint in the industry.

Renewable Energy and Power has already secured a CBD supply agreement from Smart Green Tech paving the way for it to engage in large-scale production

“Renewable Energy and Power has expressed a vision for CBD health so unique that we could not pass up the opportunity to participate with our expertise in this project. We’re confident this collaboration will produce transformative and trendsetting products that can lead the industry,” commented Dorse DuBois, Smart Green Tech Vice-President.“

CBD Products Production

In a bid to shrug off stiff competition in the industry, the company intends to leverage the highest-quality CBD in its products and lowest cost structure.

Its CBD production resources include a Nevada based 6,000 square feet industrial and manufacturing facility. The company is also in the process of ramping up refining capacity ahead of the purchase of high-quality biomass supply.

“We believe our growing expertise in the CBD market opens an entirely new field of opportunity for RBNW. We intend for these new markets to significantly expand our business and profitability,” stated CEO Donald MacIntyre.

Bottom Line

OTCMKTS:RBNW has taken the market by storm going by its performance in the second half of the year. While the spike has come at the back of no substantial new updates, it appears something might be brewing behind the scenes only known to insiders.

Amidst the blockbuster run, one cannot dispute the company’s tremendous potential. A diversified business portfolio leaves the company well positioned to pursue opportunities in various industries. The sale of LED lights to growing farms allows the company to continue generating significant revenues as more players enter the cannabis cultivation business.

Production of cannabis products should continue to diversify the company’s revenue streams as the company moves to meet growing global demand. Considering recent price action activity, the lows look to certainly be in on RBNW.

We will be updating our subscribers as soon as we know more. For the latest updates on OTCMKTS:RBNW, sign up below!

Disclosure: We have no position in RBNW and have not been compensated for this article.

]]>https://insiderfinancial.com/renewable-energy-power-inc-otcmkts-rbnw-explodes-higher-cbd-opportunity/179362/feed/0Sellas Life Sciences Group Inc (NASDAQ: SLS) Is A Prime Turnaround Playhttps://insiderfinancial.com/sellas-life-sciences-group-inc-nasdaqsls-turnaround-play/179359/
https://insiderfinancial.com/sellas-life-sciences-group-inc-nasdaqsls-turnaround-play/179359/#respondWed, 11 Sep 2019 13:08:18 +0000https://insiderfinancial.com/?p=79359Sellas Life Sciences Group Inc (NASDAQ: SLS) is a potential bounce-back play on the company announcing an advancement in the development of a pipeline of cancer peptide vaccines. The stock’s price action activity has also started to gather pace after a period of consolidation, on investors reacting to narrowing net loss in the recent quarter. […]

]]>Sellas Life Sciences Group Inc (NASDAQ: SLS) is a potential bounce-back play on the company announcing an advancement in the development of a pipeline of cancer peptide vaccines. The stock’s price action activity has also started to gather pace after a period of consolidation, on investors reacting to narrowing net loss in the recent quarter.

A solid balance sheet ideal for supporting clinical development programs also continues to strengthen the company’s market sentiments. After a 90% plus plunge to all-time lows, the stock has started correcting higher in line with improving underlying fundamentals. More investors are starting to take note of the oversold opportunity in SLS.

SLS Daily Chart

However, given the underlying bearish trend, Sellas Life Sciences will have to rally and find support above the $0.18 level to avert further slides. Below the critical $0.18 technical level, the stock remains susceptible to further drops in continuation of the descending trend line. For the stock to confirm bullish sentiment, it will need to rally and find support above the $0.22 level.

About Sellas Life Sciences

Sellas Life Sciences is a biopharmaceutical company engaged in the development of novel cancer treatments. GPS is the company’s lead cancer candidate licensed form the Memorial Sloan Kettering Cancer Center, under development, for the treatment of tumors. The company is also working on HER2 cancer immunotherapy for the prevention of recurrent breast cancer.

Cancer Treatment Development

Sellas Life Sciences stock has started surging from all-time lows on the confirmation that the company has made impressive strides in the development of its lead product GPS. The company is preparing for a Phase 3 registration study in patients with acute myeloid leukemia. The company is also preparing for a first patient dosed investigator study.

In addition to GPS development, Sellas Life Sciences has also completed enrollment in phase 2 randomized investigator-sponsored trial of nelipepimut-S in women struggling with ductal carcinoma.

“We believe NPS could serve as an earlier stage treatment for women with breast cancer and hope to gain through this study further insights on the immunobiological mechanism underlying the clinical activity of NP,” said CEO Angelos Stergiou.

In preparation for the clinical trials, the company has continued to strengthen its balance with string public offerings. In June, the company raised $13.5 million in gross proceeds on the issuance of 26 million shares of common stock. The company intends to use the net proceeds to commence pivotal phase 3 study of GPS as a potential treatment for acute myeloid leukemia.

Narrowing Net Loss

In addition to progress on the development of cancer treatments, Sellas Life Sciences bottom line has shown signs of improvement. The company exited the second quarter with a net loss of -$4.1 million less than half a net loss of -$8.5 million reported a year ago. Net loss attributed to shareholders stood at -$9.1 million for the first six months of the year compared to a net loss of -$18.5 million for the same period last year.

Narrowing net loss has everything to do with a reduction in the company’s operating expenditure. General and administrative expense shrunk to $2.6 million in the second quarter of 2019 from $4.9 million reported a year earlier. General and administrative expenses for the first six months of the year stood at $5.1 million down from $8.8 million a year earlier.

The company exited the quarter with cash and cash equivalents of about $12.8 million inclusive of the $13.5 million generated from an underwritten public offering of shares of common stock.

“Importantly, with our recent follow-on offering, we strengthened our balance sheet to support our clinical development programs through what we believe will be value-creating inflection points,” added Dr. Stergiou.

Bottom Line

Sellas Life Sciences has started recovering from a harrowing plunge in the first half of the year. Progress in the development of the company’s pipeline of cancer treatment should continue to support the bounce back. Investors taking note of the company’s solid financial position as well as narrowing net loss is another development that should continue to strengthen market sentiments.

While the stock has taken a significant hit since the start of the year, improving underlying fundamentals indicates that the company’s turnaround plans are working. For those looking for a high risk/reward play, SLS checks all the boxes at current levels.

We will be updating our subscribers as soon as we know more. For the latest updates on SLS, sign up below!

Disclosure: We have no position in SLS and have not been compensated for this article.

]]>https://insiderfinancial.com/sellas-life-sciences-group-inc-nasdaqsls-turnaround-play/179359/feed/0Stocks to Watch as the USA Regulates Online Gamblinghttps://insiderfinancial.com/stocks-watch-usa-regulates-online-gambling/179357/
https://insiderfinancial.com/stocks-watch-usa-regulates-online-gambling/179357/#respondWed, 11 Sep 2019 04:51:14 +0000https://insiderfinancial.com/?p=79357The US Supreme Court ruling in May 2018 struck down the Professional and Amateur Sports Protection Act of 1992 (PASPA) which was the federal law that prevented sports betting from taking place. The repeal allowed individual states to make the decision whether they want to legalize sports betting and in the last 12 months, as […]

]]>The US Supreme Court ruling in May 2018 struck down the Professional and Amateur Sports Protection Act of 1992 (PASPA) which was the federal law that prevented sports betting from taking place. The repeal allowed individual states to make the decision whether they want to legalize sports betting and in the last 12 months, as many as 20 states have passed legislation to allow regulated sports betting, thus revolutionizing the online gambling market in America.

There are many states that are currently debating the pros and cons of legalizing other forms of online gambling such as online casino games and online poker. For example, Charlie Baker, the governor of Massachusetts, has proposed legalizing both sports betting and online gambling in the state.

The legalization of sports betting across the United States is a good thing as it significantly shuts down the illegal betting market which used to bring in as much as $150 billion each year. Some of the top gaming operators in the country are expected to see a significant spike in their revenues as they look to capture a significant portion of this lucrative sports betting market. Their shares are sure to appreciate as gambling companies take advantage of this bonanza.

Operators Eager to Get the Ball Rolling

The time is ripe to make some early investments in the US online sports betting industry. In fact, several companies are now in a position to profit from the newly regulated market, and these companies range from sports betting operators, sports betting software providers and casino operators who partner with sportsbooks. Their profits are expected to keep growing as more states start jumping on the sports betting bandwagon.

A few analysts have even predicted that social media giants such as Google, Twitter, and Facebook are also gearing up to rake in their share of legalized sports betting profits. Sports enthusiasts all over the world are expected to place bets worth $1 trillion annually by the year 2022. It, therefore, makes sense to get ready to grab your share of the profits by investing wisely in the stocks of top sports betting operators and providers.

The following is a list of different types of companies that are expected to profit from the Supreme Court ruling:

Casinos & Racetracks– Initially casinos and racetracks were not happy with the Supreme Court ruling as they felt that they would lose customers. But many of them are seeing opportunities for growth in the change. Racetracks, in particular, have realized that their horse betting customers would also like to bet on other sports.

Technology Providers– Software providers and app developers are going to grab the biggest share of the pie as a lot of sports bets will be placed online.

Fantasy Sports– DraftKings and Fan Duel, which currently run online sports betting sites in New Jersey, are expected to enter into other US states as soon as they legalize sports betting.

Professional Sports Teams– Owners of professional sports teams have gladly embraced the idea of legalized sports betting and are looking for ways to profit from it.

We have listed a few companies and providers that you can keep a close watch on going forward:

Penn National Gaming

Things have been a bit bumpy for Penn National Gaming over the last few years, but they can now change for the better because of legalized sports betting. The company, which has a market cap of $2.7 billion, now plans to invest $3.1 million in launching sports betting in its Hollywood Casino and its five casinos across Mississippi. Moreover, the operator is also in the process of acquiring the Greektown Casino Hotel from Dan Gilbert, the owner of Cleveland Cavaliers for $300 million.

Boyd Gaming Corporation

Boyd has 29 gambling properties across ten US states. Moreover, it has gained a lot of experience by handling Las Vegas’s biggest sportsbooks and is very keen on establishing its presence in more states as they lift the ban on sports betting.

Boyd Gaming recently entered into a partnership with MGM Resorts, a chain of hotel casino resorts that has similar aims. The two companies will share mobile and online gambling platforms, with Boyd trading its sportsbook apps for MGM’s casino gaming and online poker gaming apps in 15 US states. One can expect the rise of a large online sports betting empire run by the two giant companies soon.

International Game Technology

International Game Technology (IGT), which had jumped to a $31 high, had plunged to $14 in November. Early in December, it stabilized to $16. Although it is a huge company that has developed a larger number of casino platforms than its rivals, it started seeing progress only after it got into sports betting.

IGT stocks are worth watching, considering the fact that IGT processed sports bets worth $12 billion in 2017. Experts expect IGT’s profits to grow at the rate of 153.3 percent during the next financial quarter.

FanDuel

FanDuel is one of the biggest Daily Fantasy Sports (DFS) providers in the United States along with DraftKings. FanDuel is currently not a public listed company but there have been rumors that FanDuel is looking to go public in a reverse merger. The company is estimated to be around $1.2 billion in value and is looking to capitalize on the growing sports betting market in the US.

If FanDuel does go public, you should look at getting some of its shares during its IPO.

As more state governments legalize sports betting, bettors will find a safe and secure betting environment encouraging them to keep betting which will result in sports betting operators making their profits, smart investors boosting their passive income and state and local governments bringing in a new stream of income in the form of betting taxes.

]]>https://insiderfinancial.com/stocks-watch-usa-regulates-online-gambling/179357/feed/0Top 10 Software Development Companieshttps://insiderfinancial.com/top-10-software-development-companies/179354/
https://insiderfinancial.com/top-10-software-development-companies/179354/#respondWed, 11 Sep 2019 04:36:23 +0000https://insiderfinancial.com/?p=79354Many in the software development space anticipate the future amidst all the prospects it holds. Key innovations in artificial development, blockchain, AR/VR/MR, Internet of Things, etc. are expected to be on the increasing demand and everyone wants to be at the forefront. However the case may be, going into the future, this list contains some […]

]]>Many in the software development space anticipate the future amidst all the prospects it holds. Key innovations in artificial development, blockchain, AR/VR/MR, Internet of Things, etc. are expected to be on the increasing demand and everyone wants to be at the forefront.

However the case may be, going into the future, this list contains some of the best custom software development companies expected to lead the pack. These are reputable companies with vast experience in the use of the latest technologies. Of course, when hiring a custom software development firm, everyone wants the best.

Agile Engine

Agile Engine is ranked by Inc. 5000 as one of America’s fastest-growing software development companies, among other recognitions and awards it has won. Services Agile Engine offers include design, development, and testing. Its offerings are flexible with each project having a custom-built team to guarantee the best results.

It claims a 100% customer retention over the nine years of its existence. Its most popular clients are Bloomberg, Symantec, Bleacher Report, Groupon, and many others.

iTechArt

While iTechArt provides software development solutions to SMEs and large enterprises, its primary clients are fast-growing startups. Since its establishment in 2002, 68% of its clients have been VC-backed or otherwise, well-funded startups. It has won multiple awards for its various offerings in web development, mobile app development, quality assurance, and testing, and cloud development.

It also focuses on emerging technologies such as Big Data and Business Intelligence, artificial development, the Internet of Things and Blockchain for companies across many different industries.

I-Transition

ITransition is an international software development company with offices in Europe, Asia, and the United States. It is a major point of call for enterprise management, data management & analytics, digital commerce services and more.

It has so far completed several projects for more than eight hundred clients and with a 90% customer retention rate. It holds four Microsoft Gold certifications and enjoys other such high-level partnerships with other reputable firms.

Experion

Experion was founded in 2006, has a strong focus on digital technologies and is present in Asia, America, Europe, Australia, and the Middle East. Apart from its services in software development and digital transformation, it also has two flagship products, FieldMax, and xPort, for sales operations automation and ports management respectively. Its clients have primarily come from the transportation, retail, healthcare, and financial services industries.

Top Devz

Top Devz is one of the fastest-growing development companies in the US. Its team consists of developers, designers, project managers, QA testers, etc. with an average of 10-year experience in software development. It uses a unique model that has served Fortune 500 and new startups as well.

Its offerings are flexible to cater to the various needs of its clients, cost-saving, on-demand, and above all, easily scalable. It has offices in the US and in Canada and has a 96% talent retention rate.

Eleks

Eleks is a leading IT firm that provides consulting and development services. Its team has more than 1400 software specialists working towards valuable innovations and solutions. Its expertise lies in data science, mixed reality, blockchain, digital enterprise, market research, etc. And its portfolio features clients such as AVG, Eset, Autodesk, tip.ly, etc.

Sunflower Lab

Sunflower Lab is a custom software development company founded in 2010 with the aim of not just building software or products but solving actual problems. It then uses this approach to serve industries such as healthcare, finance, real estate, manufacturing, telecommunications, non-profit, oil and gas, entertainment, fitness, e-commerce, fashion and so on.

It specializes in web and mobile app development alongside wearable, Alexa Echo and AR/VR apps development.

Cyber Infrastructure

Cyber Infrastructure has been into IT for more than 14 years and has as its mantra, ‘we make IT possible’. Alongside regular software and app development, Cyber Infrastructure also offers business intelligence and analytics, and digital marketing services.

Amidst all, it has served more than a century of clients including eBay, Spirit airlines, Bell, World Vision, etc. and it has a presence in five countries of the world: US, India, UK, Singapore, and South Africa.

Fingent

Its target companies range from small startups to large enterprises in business services, education, financial services, manufacturing, real estate, and other niches. It holds multiple awards and is highly regarded in software development in the United States and in Australia.

It has worked for companies such as PayPal, Walt Disney, Telespcae, London Stock Exchange Group, Shell, Livestream, MusicPlay, and so on. It boasts of 250 expert engineers as employees and more than 150 customers with a 94% retention rate.

Conclusion

After much being said about these companies. It’s required of you to have a detailed knowledge of which company you might be hiring for your company software development. This article has shed more insight about companies who can be trusted for all your software development needs.